The global catalyst market size was USD 39.0 Billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Increasing demand from the automobile industry due to shifting energy demands for alternative fuels including biodiesel, rising demand for petroleum refined products, petrochemicals, and chemical synthesis, as well as increasing demand for catalysts enabling conversion of bio-derived feedstock into industrially relevant chemicals, thus helping in maintaining bioeconomy are major factors driving market revenue growth.

All petrochemical plants and refineries are built around catalytic processes. With ongoing technological advancements in catalyst manufacture, optimization, and enhanced operational efficiency, the global market for catalysts is rising. This pattern is particularly evident in the refining industry, where usage of catalytic procedures is continuously expanding. As the need for polyolefins, polyesters, and polyurethanes rises, so will demand for catalysts for synthesis of petrochemicals and polymers. Clariant offers customized solutions for major petrochemical building blocks such as ethylene, propylene, butadiene, and styrene. These catalysts provide excellent performance needed to prevail in this fiercely competitive sector. In the area of on-purpose olefin production, Houdry propane dehydrogenation and Methanol-To-Propylene (MTP) catalysts are in the forefront.

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In the past ten years, there has been a lot of funding and interest in research into catalytic conversion of feedstock derived from biomass into renewable fuels and chemicals. Several recently created catalytic technologies have either been commercialized or are presently undergoing testing in fully operational pilot plants. Solid catalysts are crucial to the success of chemocatalytic processes for production of high-value-added products such as biofuels, commodity chemicals, and innovative bio-based materials including bioplastics. The transformation of biomass feedstock into high-value chemicals and fuels can be catalyzed by a variety of solid catalysts such as metal oxides, supported metal catalysts, micro-and mesoporous materials, and sulfonated polymers.

The latest report on the global Catalyst Market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the Catalyst Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Catalyst Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2022-2030.

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Report Objective:

The report offers a complete analysis of the global Catalyst market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreements, and collaborations. Dow Chemical Company, BASF SE, Evonik Industries AG, Clariant AG, DuPont, Exxonmobil Corporation, Johnson Matthey, Albemarle Corporation, Cue Energy Resources Ltd, and Apache Corporation are some of the top companies profiled in the report.

Emergen Research has segmented the global catalyst market based on type of raw material, application and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

Heterogeneous Catalysts

Homogeneous Catalysts

Type of Raw Material Outlook (Revenue, USD Billion; 2019-2030)

Metals

Chemical Compounds

Zeolites

Organometallic Materials

Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Petroleum Refining

Chemical Synthesis

Polymer Catalysis Petrochemicals

Environmental

Others

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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Regional Outlook of Catalyst Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Catalyst market?

What are the key product types and applications of the Catalyst industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Catalyst market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Catalyst Market by 2030?

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